ITAT Chennai Judgments — December 2016

The Tribunal held that the CIT(A) had correctly deleted the addition based on previous Tribunal decisions regarding the genuineness of agricultural produce supply. The Tribunal also noted that the assessee, not maintaining books of account, had offered income at 5% of turnover.

The Tribunal noted that the CIT (Exemptions) had subsequently granted registration under Section 12AA of the Act. Consequently, the pending appeals became infructuous.

The Tribunal noted that the CIT (Exemptions) had subsequently granted registration under Section 12AA of the Act. Consequently, the appeals filed by the assessee were rendered infructuous.